{Raises hand} I suggest that you check your video settings. If you have your advanced graphic details turned off, the water color does not show with out the ground detail box checked. I am sorry that you had this bad experience, but I really wish you hadn't jumped to conclusions. Secondly, here is proof HTC is hard at work producing terrains and new features,
http://bbs.hitechcreations.com/smf/index.php/topic,373694.msg4978698.html#new while giving an open invitation to all to see development process, in a very personal and yet professional sense.
My suggestion, is to take a few deep breaths, maybe a cup less of coffee, visit the above link......... and let you mind free to explore. If you do, please understand that you will find bugs, and incomplete coad. That is the design of alpha testing which welcomes your observations. Also, there has been a turn in the architecture or process that allows the video cards to be used more efficiently than the currnet AH2 game that uses CPU. This may benefit your machine or not, but the minimum recommended dedicated video memory is somewhere around 1 GB. Also, there are simple and strict rules to be followed, first of all by realizing the product is in unfinished state and not to draw conclusions about a final product that has not been released.